Michael Saylor’s Strategy has made yet another massive Bitcoin purchase, acquiring over $980 million worth of BTC in just one week.
Quick Summary – TLDR:
- Strategy acquired 10,645 BTC for $980.3 million between December 8 and 14, 2025.
- The company’s Bitcoin treasury now totals 671,268 BTC, over 3% of total supply.
- Purchases were mostly funded through $888 million in common stock sales.
- Strategy’s aggressive Bitcoin strategy continues despite market and regulatory pressures.
What Happened?
For the second week in a row, Strategy has made a major Bitcoin acquisition, picking up 10,645 BTC at an average price of $92,098 per coin. The purchase, totaling $980.3 million, pushes the company’s Bitcoin holdings to 671,268 BTC, acquired for about $50.33 billion at an average price of $74,972 per BTC.
The move reaffirms Strategy’s unique position as a corporate Bitcoin accumulation vehicle.
Strategy has acquired 10,645 BTC for ~$980.3 million at ~$92,098 per bitcoin and has achieved BTC Yield of 24.9% YTD 2025. As of 12/14/2025, we hodl 671,268 $BTC acquired for ~$50.33 billion at ~$74,972 per bitcoin. $MSTR $STRC $STRK $STRF $STRD $STRE https://t.co/VdAz7pqce1
— Michael Saylor (@saylor) December 15, 2025
Strategy’s Relentless Bitcoin Buying Spree
Michael Saylor’s firm, formerly known as MicroStrategy, has embraced a bold approach that leaves no room for hesitation. Despite the Bitcoin price hovering around $90,000 and broader market volatility, Strategy is charging ahead with large-scale acquisitions.
- This is the second consecutive week Strategy has spent nearly $1 billion on Bitcoin.
- On December 8, the company revealed a similar purchase of 10,624 BTC for $962.7 million.
- Strategy now holds over 3% of Bitcoin’s maximum supply, a figure unmatched by any other public company.
The firm is funding these buys mainly through traditional capital markets, including the sale of $888.2 million in MSTR common stock last week. The remainder came from the issuance of multiple perpetual preferred stock series, including STRD, STRK, STRF, and others, each structured with different dividend and risk profiles.
This capital-raising mechanism is part of Strategy’s “42/42” plan, which allows for up to $84 billion in equity and convertible debt issuance through 2027. The aim is simple: to keep buying Bitcoin without depending on operating income or market conditions.
Market Jitters, but Strategy Stays the Course
While the broader crypto market has been under pressure due to uncertainty around Federal Reserve policy and tech sector losses, Strategy’s aggressive stance has not wavered.
- Bitcoin briefly dipped below $90,000 over the weekend amid macroeconomic concerns.
- MSTR shares have dropped over 40% year to date, underperforming Bitcoin.
- Despite this, Strategy remains firm in its long-term belief in Bitcoin’s upside.
Saylor and his team continue to ignore dilution fears and prioritize Bitcoin accumulation, making clear that access to capital is all that matters in fueling their mission.
Facing Off With MSCI Over Index Inclusion
Strategy’s massive Bitcoin exposure has triggered regulatory scrutiny. MSCI is evaluating whether to exclude companies with digital assets exceeding 50% of their balance sheet from its Global Investable Market Indexes.
In response, Strategy submitted a formal letter last week, calling MSCI’s proposal “discriminatory” and “arbitrary”. The company defended its position by comparing it to real estate and commodity-heavy firms, and emphasized that Strategy remains a functioning software enterprise alongside its Bitcoin ambitions.
Saylor’s firm warned that such exclusions could hinder innovation in digital finance and contradict supportive policies emerging from the US government.
SQ Magazine’s Takeaway
I have to say, this is one of the boldest plays in corporate finance today. Strategy isn’t just buying Bitcoin. It’s reshaping how a public company can operate with crypto as its central asset. While Wall Street might worry about dilution or regulatory pushback, Saylor is betting big on Bitcoin’s long-term value. If BTC continues to climb, this strategy might go down as one of the greatest asset plays of the decade. If it falters, Strategy has a lot to answer for. Either way, it’s a high-stakes move that no one is ignoring.
